Capital Bancorp (NASDAQ:CBNK) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Capital Bancorp, Inc. (NASDAQ:CBNK - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $22.47 and traded as high as $24.75. Capital Bancorp shares last traded at $24.47, with a volume of 21,069 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CBNK. Keefe, Bruyette & Woods increased their price objective on Capital Bancorp from $25.00 to $27.00 and gave the stock a "market perform" rating in a report on Tuesday, July 23rd. Hovde Group upped their price target on Capital Bancorp from $26.00 to $28.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 24th.

Capital Bancorp Stock Down 1.4 %

The firm's 50 day simple moving average is $25.02 and its 200-day simple moving average is $22.47. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $335.08 million, a price-to-earnings ratio of 10.46 and a beta of 0.47.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last released its earnings results on Monday, July 22nd. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). Capital Bancorp had a net margin of 15.35% and a return on equity of 13.34%. The company had revenue of $57.51 million during the quarter, compared to analyst estimates of $42.70 million. Equities analysts expect that Capital Bancorp, Inc. will post 2.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Mary Ann Scully acquired 2,000 shares of the company's stock in a transaction dated Wednesday, July 31st. The shares were bought at an average price of $25.14 per share, for a total transaction of $50,280.00. Following the purchase, the director now directly owns 13,536 shares in the company, valued at approximately $340,295.04. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 32.50% of the company's stock.

Institutional Investors Weigh In On Capital Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of CBNK. Pacific Ridge Capital Partners LLC grew its holdings in Capital Bancorp by 14.3% during the second quarter. Pacific Ridge Capital Partners LLC now owns 208,364 shares of the financial services provider's stock worth $4,271,000 after purchasing an additional 26,091 shares during the period. Kendall Capital Management bought a new position in shares of Capital Bancorp during the 2nd quarter worth approximately $1,664,000. Acadian Asset Management LLC increased its holdings in shares of Capital Bancorp by 11.9% during the 1st quarter. Acadian Asset Management LLC now owns 55,567 shares of the financial services provider's stock worth $1,155,000 after acquiring an additional 5,893 shares during the last quarter. Wealthspire Advisors LLC bought a new stake in Capital Bancorp in the 2nd quarter valued at $1,577,000. Finally, Squarepoint Ops LLC acquired a new stake in Capital Bancorp during the 2nd quarter valued at $304,000. 56.14% of the stock is owned by institutional investors.

Capital Bancorp Company Profile

Capital Bancorp, Inc operates as the bank holding company for Capital Bank, N.A. that provides various banking products and services to businesses, not-for-profit associations, and entrepreneurs in Maryland, Virginia, and the District of Columbia. It operates through Commercial Banking, Capital Bank Home Loans, and OpenSky segments.